Market Size of north america specialty fertilizer Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 10.33 Billion |
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Market Size (2030) | USD 14.39 Billion |
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Largest Share by Speciality Type | Water Soluble |
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CAGR (2024 - 2030) | 5.69 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Specialty Fertilizer Market Analysis
The North America Specialty Fertilizer Market size is estimated at 10.33 billion USD in 2024, and is expected to reach 14.39 billion USD by 2030, growing at a CAGR of 5.69% during the forecast period (2024-2030).
10.33 Billion
Market Size in 2024 (USD)
14.39 Billion
Market Size in 2030 (USD)
6.45 %
CAGR (2017-2023)
5.69 %
CAGR (2024-2030)
Largest segment by Speciality Type
47.65 %
value share, Water Soluble, 2023
The rising demand for fertigation techniques to ensure the efficient use of fertilizers across major countries such as the United States and Canada is driving the market
Fastest Growing Speciality Type
7.91 %
Projected CAGR, CRF, 2024-2030
Controlled-release fertilizers plays crucial role in ensuring that the crops receive the right dosage of nutrients, this making them essential component of precision farming.
Largest Segment by Crop Type
7.78 %
Projected CAGR, Horticultural Crops, 2024-2030
The rising production of fruits and vegetables along with increasing exports in the region may boost the demand for more specialty fertilizers for increased crop yield.
Largest segment by Country
65.24 %
value share, United States, 2023
United States of America accounts for about 69% of the total agricultural crop area in the region and one of the major producers of fertilizers in the North American region.
Leading Market Player
28.35 %
market share, CF Industries Holdings, Inc., Inc.
The company boasts a robust regional presence, with manufacturing facilities in the US and Canada, known for their cost-effectiveness, efficiency, and flexibility.
The market is dominated by water-soluble fertilizers due to the wide range of nutrient grades and different application methods
- In 2022, water-soluble fertilizers held the maximum share of the North American specialty fertilizers market, accounting for 47.9%. The demand for these fertilizers is influenced by nutrient grades and application modes, such as foliar or fertigation, based on specific needs. Notably, in 2022, foliar application accounted for 45.2% of the market, while fertigation claimed 54.8%.
- Liquid fertilizers secured the second-largest market share at 45.9% in 2022. Given the acidic nature of arable lands in the region, there's a growing preference for liquid-based specialty fertilizers like ammonium nitrate. These fertilizers not only help maintain soil pH levels but also address concerns about nitrogen leaching, a key issue for both environmentalists and farmers.
- Controlled-release fertilizers, with a modest 4.9% market share, play a pivotal role in precision farming. By ensuring crops receive precise nutrient dosages, they have become indispensable in modern agriculture.
- In 2022, the US accounted for a significant chunk, 67.1%, of the North American specialty fertilizer market. Water-soluble and liquid fertilizers were the dominant segments in the US market. Likewise, the study period revealed a strong preference for foliar and fertigation modes in the US, a trend attributed to the country's well-established irrigation infrastructure.
- With a well-developed irrigation system and growing demand for field crops, turfs, and ornamentals, the specialty fertilizer market in the US is poised for growth in the coming years.
The United States dominates the market due to well-developed agricultural systems and larger cultivation area across the country
- In 2022, the United States held a dominant position in the North American specialty fertilizers market. Water-soluble fertilizers, liquid fertilizers, and CRF accounted for 48.0%, 46.3%, and 5.1% of the market share, respectively. Slow-release fertilizers had a smaller share of 0.6%, primarily due to limited adoption in major crops like wheat, maize, and cereals. However, the segment's growth is expected to be bolstered by the country's developing micro-irrigation system. In 2022, the total irrigated cropland in the US spanned 18.3 million hectares.
- In North America, Canada has the second-largest specialty fertilizer market, followed by the United States. During 2023-2030, the country's specialty fertilizer market is anticipated to register a CAGR of 6.4%.
- Mexico held a 16.0% share of the North American specialty fertilizers market in 2022. Notably, Mexico's field crops saw a volume of 2.2 million metric tons in 2022, with an expected rise to 2.8 million metric tons by 2030.
- Specialty fertilizers experienced a notable decline in both value and volume in 2019 and 2020, primarily due to disruptions in the supply chain caused by the COVID-19 pandemic. However, the market rebounded in 2021, driven by rising raw material prices and increased demand.
- The growing adoption of precision technologies is expected to drive the demand for specialty fertilizers. Precision farming, which emphasizes optimal fertilizer application, aligns well with the characteristics of specialty fertilizers like controlled-release and slow-release variants. As a result, the North American specialty fertilizers market is projected to register a CAGR of 5.6% during 2023-2030.
North America Specialty Fertilizer Industry Segmentation
CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Canada, Mexico, United States are covered as segments by Country.
- In 2022, water-soluble fertilizers held the maximum share of the North American specialty fertilizers market, accounting for 47.9%. The demand for these fertilizers is influenced by nutrient grades and application modes, such as foliar or fertigation, based on specific needs. Notably, in 2022, foliar application accounted for 45.2% of the market, while fertigation claimed 54.8%.
- Liquid fertilizers secured the second-largest market share at 45.9% in 2022. Given the acidic nature of arable lands in the region, there's a growing preference for liquid-based specialty fertilizers like ammonium nitrate. These fertilizers not only help maintain soil pH levels but also address concerns about nitrogen leaching, a key issue for both environmentalists and farmers.
- Controlled-release fertilizers, with a modest 4.9% market share, play a pivotal role in precision farming. By ensuring crops receive precise nutrient dosages, they have become indispensable in modern agriculture.
- In 2022, the US accounted for a significant chunk, 67.1%, of the North American specialty fertilizer market. Water-soluble and liquid fertilizers were the dominant segments in the US market. Likewise, the study period revealed a strong preference for foliar and fertigation modes in the US, a trend attributed to the country's well-established irrigation infrastructure.
- With a well-developed irrigation system and growing demand for field crops, turfs, and ornamentals, the specialty fertilizer market in the US is poised for growth in the coming years.
| Speciality Type | |||||
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| Liquid Fertilizer | |||||
| SRF | |||||
| Water Soluble |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
North America Specialty Fertilizer Market Size Summary
The North American specialty fertilizer market is experiencing a robust growth trajectory, driven by the increasing adoption of precision farming technologies and the need for optimized nutrient application. The market is characterized by a diverse range of products, including water-soluble, liquid, and controlled-release fertilizers, each catering to specific agricultural needs. Water-soluble fertilizers dominate the market, with significant demand for foliar and fertigation application modes, particularly in the United States, which holds a substantial share of the market. The acidic nature of arable lands in the region has led to a preference for liquid-based fertilizers like ammonium nitrate, which help maintain soil pH levels and address nitrogen leaching concerns. Controlled-release fertilizers are gaining traction in precision farming, ensuring precise nutrient dosages for crop optimization.
The market landscape is fairly consolidated, with major players such as CF Industries Holdings, Inc., ICL Group Ltd, The Andersons Inc., The Mosaic Company, and Yara International ASA holding significant market shares. The United States, Canada, and Mexico are key contributors to the region's agricultural output, with field crops like corn, soybeans, and wheat being the primary consumers of specialty fertilizers. The market's growth is further supported by government initiatives and the development of micro-irrigation systems, particularly in the United States. Despite past disruptions due to the COVID-19 pandemic, the market has rebounded, with rising raw material prices and increased demand driving its expansion. The strategic partnerships and acquisitions among major players indicate a focus on enhancing product offerings and expanding market reach, ensuring continued growth in the specialty fertilizer sector across North America.
North America Specialty Fertilizer Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Speciality Type
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1.1.1 CRF
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1.1.1.1 Polymer Coated
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1.1.1.2 Polymer-Sulfur Coated
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1.1.1.3 Others
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1.1.2 Liquid Fertilizer
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1.1.3 SRF
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1.1.4 Water Soluble
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1.2 Application Mode
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1.2.1 Fertigation
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1.2.2 Foliar
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1.2.3 Soil
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1.3 Crop Type
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1.3.1 Field Crops
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1.3.2 Horticultural Crops
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1.3.3 Turf & Ornamental
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1.4 Country
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1.4.1 Canada
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1.4.2 Mexico
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1.4.3 United States
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1.4.4 Rest of North America
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North America Specialty Fertilizer Market Size FAQs
How big is the North America Specialty Fertilizer Market?
The North America Specialty Fertilizer Market size is expected to reach USD 10.33 billion in 2024 and grow at a CAGR of 5.69% to reach USD 14.39 billion by 2030.
What is the current North America Specialty Fertilizer Market size?
In 2024, the North America Specialty Fertilizer Market size is expected to reach USD 10.33 billion.
